Gold prices rose Thursday, December 24th, as the dollar fell and investors are betting on more stimulus in the United States, despite President Donald Trump’s threat not to sign a long-awaited aid package linked to the pandemic. Spot gold rose 0.2% to $ 1875.20 an ounce by 07:22 GMT, after …
Read More »Gold Rises After Two Declines
After two consecutive declines this week, gold prices rose on Wednesday, supported by a decline by the US Dollar (USD) on the back of mixed economic data. Gold futures for February delivery rose by $7.80, or 0.4%, to finish at $1,878.10 per ounce. Meanwhile, Silver futures for March delivery added …
Read More »Gold Rises as The Dollar Falls After Trump Threatens Not to Sign The Stimulus
Gold prices rose slightly on Wednesday, December 23, after US President Donald Trump threatened not to sign the pandemic relief bill, sparking a drop in the dollar. The spot price of gold was up 0.1% to $ 1860.81 an ounce, while US gold futures fell 0.3% to $ 1864.60 an …
Read More »Gold Rising Despite Trump’s Threat on Stimulus And With US Dollar Weakening
Gold prices rose on Wednesday, December 23, supported by the dollar’s decline and continued optimism about the stimulus package in the United States even after President Donald Trump threatened not to sign the aid package linked to the pandemic. Spot gold rose 0.3% to $1864.29 an ounce by 07:05 GMT, …
Read More »Gold Awaits Activation of Pending Orders
Negative trading dominated the price of the yellow metal during the previous trading session after it found a resistance level near 1885, which forced it to re-test the support level published during the previous analysis located at 1866, which we made clear that breaking this level is a condition of …
Read More »Gold Closes Lower for Second Day in Row
Gold prices plunged on Tuesday, falling for the second consecutive session for the first time in about two weeks. Moreover, the yellow metal futures saw their biggest decline since the beginning of the month, amid a positive performance by the US Dollar (USD). Gold futures for February delivery decreased by …
Read More »Gold Dropping as US Dollar’s Strength Overwhelmed the Stimulus Package
Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress’s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market …
Read More »Gold Awaits Activation of Pending Orders
Mixed trades dominated the yellow metal prices yesterday within random movements that tended to be negative, recording its lowest level at 1855. Technically, and by looking at the 240-minute chart, we found a conflict between the clear negativity on the stochastic indicator, which supports the continuation of the decline, and …
Read More »Gold Finishes Lower Amid Coronavirus Skepticism
Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …
Read More »Gold Jumping on Support of US Stimulus And Lockdown
Gold rose today, Monday, to its highest in six weeks, boosted by news that leaders of the US Congress have reached an agreement on an aid package linked to the Coronavirus, while the appetite for higher-risk assets is undermined by lockdown measures in Britain, which increased support for the metal. …
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